#CryptoTariffDrop
Trump gave a lengthy explanation in office. Trump stated that China showed "disrespect" for global markets. He said the new 125% tariff was now in effect. He added that more than 75 countries contacted U.S. agencies such as the Department of Commerce, the Treasury, and the U.S. Trade Representative regarding issues related to trade, barriers, tariffs, currency, and non-cash practices. He said those countries did not respond to the United States, so he gave them a temporary deal: a temporary stop, at a rate of 10%, as is currently in effect.
Markets gain trillions after Trump's double duty#